Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (5666)	12/19/1999 1:41:00 PM
From: James Strauss	Read Replies (1) of 13094

MTLM... I recently purchased MTLM... This is a classic turnaround story... Declining raw materials prices pummeled the stock price from the upper 20's to below the 2.00 level... I jumped in between 2.50 and 3.00... This was not an easy decision for me because of my interest in their rival RECY... But it doesn't look like RECY will be emerging from bankruptcy as an ongoing concern... So I put emotion aside and used the charts and improving fundamentals for MTLM to guide me... I'm bringing this up because sometimes the hardest decision we have to make is to sell a stock we've grown attached to... And, buying a rival company (MTLM) may make us question our first decision to buy the original company (RECY)... Both investing and trading require a constant re-assessment of the reasons why we bought a stock... If those reasons change, so should our opinion about the stock... A look at the weekly chart for MTLM shows the big upside potential... siliconinvestor.com Caveat... I own this stock... So, please do your own due diligence... Jim

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